Lucratively positioned within the proposed Mt Gravatt Centre renewal precinct in a pocket that could be lifted to Low-to-medium density residential (LMR) zoning, 50 Broadwater Rd is a potential land development opportunity with exceptional prospects - allowing you to reap a solid rental return off the existing 4-bed home while plans brew away in the background (STCA).
Highlights:
- Substantial 647m2 block inside Mt Gravatt's proposed urban renewal precinct
- Potential for LMR rezoning, allowing for lower-scale apartments, townhouses, houses (STCA)
- Precinct plans aim to transform this popular SE corridor into a vibrant urban village
- Already just a short walk to Mt Gravatt Plaza, city/Westfield buses & Mt Gravatt Markets
- Existing character home, extensively upgraded & easily rentable for a solid return
The vision for Mt Gravatt Centre is to create a vibrant and distinctive urban village - a welcoming place that supports more people to realise their dream of living close to workplaces, shops, transport, services and parks. It would see a revitalised high street and renewed office, shopping and entertainment areas along Logan and Creek Rd's, well-connected shady pathways, new buildings embracing Brisbane's sub-tropical outdoor lifestyle, and new homes close to transport, shops, services and recreation.
Securing this block will put you in the driver's seat of this area's exciting potential transformation. 50 Broadwater Rd is in a pocket within the draft precinct plan that's currently proposed to move from low-density housing to low-to-medium density - which would expand the site's development potential (STCA).
Whatever the future holds, you've scored the keys to a rent or move-in ready house with character and contemporary comforts. This 1950's era home has a swish new kitchen, 2 renovated bathrooms, bill-busting solar panels, and an airy covered timber deck overlooking a grassy yard.
Plus, this location is already incredibly convenient with Mt Gravatt Markets across the road, Mt Gravatt Plaza only a 10-minute walk - and even less than that to reach parks and bus stops to get to Clairvaux MacKillop College, Westfield Mt Gravatt or into town.
See this site through developer's eyes and be bid-ready at auction!
All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Desma Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 33 628 090 951 / 21 107 068 020
